Hortonworks Inc (NASDAQ:HDP) Director Michelangelo Volpi sold 252,633 shares of Hortonworks stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $18.38, for a total value of $4,643,394.54. Following the transaction, the director now owns 10,838 shares of the company’s stock, valued at $199,202.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Michelangelo Volpi also recently made the following trade(s):
- On Thursday, February 22nd, Michelangelo Volpi sold 561,692 shares of Hortonworks stock. The shares were sold at an average price of $18.51, for a total value of $10,396,918.92.
Shares of Hortonworks Inc (NASDAQ:HDP) traded up $0.15 on Friday, reaching $18.51. The company’s stock had a trading volume of 685,600 shares, compared to its average volume of 677,508. Hortonworks Inc has a one year low of $9.10 and a one year high of $22.00. The firm has a market capitalization of $1,290.00, a price-to-earnings ratio of -5.92 and a beta of 1.52.
Hortonworks (NASDAQ:HDP) last issued its quarterly earnings data on Thursday, February 8th. The software maker reported ($0.24) EPS for the quarter, meeting the consensus estimate of ($0.24). The business had revenue of $75.01 million during the quarter, compared to analyst estimates of $70.44 million. During the same period in the previous year, the business posted ($0.50) earnings per share. The firm’s revenue for the quarter was up 44.4% on a year-over-year basis. research analysts predict that Hortonworks Inc will post -2.5 EPS for the current year.
Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Tuesday, November 7th. BidaskClub cut Hortonworks from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine upgraded Hortonworks from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $23.00 price target on shares of Hortonworks in a research report on Wednesday, December 20th. Finally, Credit Suisse Group cut Hortonworks from an “outperform” rating to a “neutral” rating and set a $20.00 price target for the company. in a research report on Tuesday, January 16th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $21.92.
A number of institutional investors and hedge funds have recently modified their holdings of HDP. Wells Fargo & Company MN grew its holdings in Hortonworks by 8.5% in the second quarter. Wells Fargo & Company MN now owns 52,555 shares of the software maker’s stock valued at $677,000 after purchasing an additional 4,134 shares during the period. Alliancebernstein L.P. grew its holdings in Hortonworks by 87.3% in the second quarter. Alliancebernstein L.P. now owns 50,000 shares of the software maker’s stock valued at $644,000 after purchasing an additional 23,300 shares during the period. Teachers Advisors LLC grew its holdings in Hortonworks by 22.4% in the second quarter. Teachers Advisors LLC now owns 85,367 shares of the software maker’s stock valued at $1,100,000 after purchasing an additional 15,631 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Hortonworks by 96.0% in the second quarter. TIAA CREF Investment Management LLC now owns 223,619 shares of the software maker’s stock valued at $2,880,000 after purchasing an additional 109,508 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in shares of Hortonworks by 13.3% in the second quarter. Nationwide Fund Advisors now owns 27,131 shares of the software maker’s stock worth $349,000 after acquiring an additional 3,186 shares during the last quarter. 57.02% of the stock is currently owned by institutional investors.
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Hortonworks, Inc is a provider and distributor of enterprise-scale data management software platforms. The Company’s product offerings include Hortonworks Data Platform (HDP), Hortonworks Sandbox and Hortonworks DataFlow Platform (HDF). It provides support subscription offerings and related professional services for its enterprise-scale Connected Data Platforms, such as HDP and HDF.
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